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Updated over 4 years ago on . Most recent reply

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Drake Imholte
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Lending Cash to Get Involved in Real Estate Investing

Drake Imholte
Posted

Currently, I have around 50k to use for investing. I am contributing to a TSP (currently in the Marines) and want to start investing in real estate. I am not mechanically inclined whatsoever. I would like to learn more about rehabs and costs associated but feel that if I just dive into this not knowing those basics I will lose cash. I was wondering if I invest in someone else making a flip and learn through that process, would that be a better idea? Is 50k even that much for someone looking to borrow? Are there better ways to get involved in real estate without actually doing a deal yourself? I am looking to deploy next year and don't want to get into something that I cannot be hands-on with. Also becoming an agent doesn't make sense for me right now because I could change duty stations after this deployment. I feel like I read a lot and watch tons of videos and the one thing I keep hearing is "you need to pull the trigger and get involved".

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